74-76 Greenbank Road

Aeroglen QLD 4870

Owner Occupiers Take Note Motivated Vendor wants this property sold!Immediate potential of owner-occupying thirds of the property while collecting income to offset your property holding costs via the long-term tenant.Ideal for owner-occupiers needing laydown and storage.Set within a tightly held industrial precinct beside Cairns International Airport, this 3,237sqm property is improved by a 1,031sqm workshop/warehouse complex currently configured as three tenancies.Dual frontage to Greenbank Road and Arnold Street delivers excellent truck access, supported by three concrete crossovers, wide bitumen driveways and secure anti-scale chain-wire fencing. The expansive hardstand provides flexibility for equipment laydown, material storage, fleet parking and container operations.The property offers a passing income of $117,500 (mix of fixed-term and casual leases), with vacant possession available over more than half of the holding (subject to standard notice periods), providing options for owner occupier or increasing rental income.Property highlightsLand area: 3,237sqm (approx.)Building area: 1,031sqm (approx.) metal-clad workshop/warehouse (3 configured areas/tenancies)Zoning Medium Impact IndustryElectricity - Three-phase powerFrontage & access: Greenbank Road & Arnold Street; 3 concrete crossovers; bitumen-sealed driveways suitable for heavy vehiclesHardstand: Extensive sealed/hardstand areas for laydown, storage, fleet parking and container usePassing Income: $117,500 + GSTIncome & occupancy:Fixed Term Lease: Shed 1 leased to Aero Enterprises (tenant in place since 2015)Lease expiry: 1 April 2030 (no further options noted)Passing income: $72,500 gross p.a.Casual Income: $45,000 + GST gross pa. Sheds 2 & 3 are both occupied on a casual month-to-month basis. The combined building area is 482sqm, including an office with 1200sqm of hardstand. These areas can be provided as vacant possession, with sufficient notice given to the occupiers.Listed Price $1,495,000 offers encouraged